Is West Branch Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, West Branch Township was a Seller's Market.
Key Takeaway
West Branch Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in West Branch Township, MI
How much do homes in West Branch Township, MI cost?
Median Sold Price
$192,500
$121/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in West Branch Township have sold for 11.6% more than they did a year ago.
Summary: The median home sold price in West Branch Township was $192,500 in March 2024, up 11.6% from last year, and the median price per square foot was $121.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $125K | N/A |
| 2 Bedrooms | $172.5K | $130K | -24.6% |
| 3 Bedrooms | $172.4K | $210.5K | +22.1% |
| 4 Bedrooms | $146.5K | $307.5K | +109.9% |
| 5+ Bedrooms | $250K | $223K | -10.8% |
Summary: West Branch Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 24.6%, 3 bedroom homes increased by 22.1%, 4 bedroom homes increased by 109.9%, and 5+ bedroom homes decreased by 10.8%.
Median Sold Price Compared To Nearby Cities
| West Branch Township | $172.4K | $192.5K | +11.6% |
| West Branch | $245K | $192.5K | -21.4% |
Housing Supply in West Branch Township, MI
How many homes are available in West Branch Township, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 33 | 30 | -9.1% |
Summary: The West Branch Township real estate market had 30 homes for sale in March 2024, a 9.1% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 19 | 17 | -10.5% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The West Branch Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 4 | -55.6% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Branch Township, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in West Branch Township in March 2024, down by 55.6% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for West Branch Township, MI
How long does it take to sell a home in West Branch Township, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 48 Days | 82 Days | +70.8% |
Summary: Homes in West Branch Township had an average of 82 days on market in Mar 2024, up by 70.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in West Branch Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 4 homes were sold in West Branch Township; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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